I've been involved in many lease transactions, as well as managing properties occupied by both state and federal agencies.

Also, make sure to visit personally and interview the manager/contractor, etc. 

Any advice would be highly appreciated along with some general contacts for property management. 

Additionally if someone is aware of good rental management local companies, let me know. 

Property 1100 sqft, 3bed 2 bath in Spring Area , is making $1400 in rent20% down = 38kLoan Origination, Closing cost = 5kLoan is 7.8 % ( investment interest is little higher ) out of 152k ( 190-138 ) = $1100 / month ( use mortgage calculator on google to calculate )Now add insurance 1200 / yearTaxes 3300 / yearProperty manager 1200 / yearThis is additional $475 per month, bringing you to a total cost of $1575 this is without repair reserves.

Last time I looked the laws read In order to practice any kind of property management (applies to STR technically but is kinda gray area) in Alaska you need to be a licensed agent under a Broker unless you manage 4 or fewer units or if they are your personal units.

Most banks hire 3rd party asset management companies handle the sale, so if you call the bank they will just pass you off - that will be after being tossed around from department to department for two hours. 

All of the comments are components of the "housing shortage ".

You can get great cash-flow (In the right locations), use conventional loans (lower rates), have less to manage, and get in for a lower price.

I did this in a beach town 1.5h from Boston and in our peak weeks we did a Saturday to Saturday (10A check out and 4P check in) and it made life a lot easier for management.